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EURUSD Daily Forecast: December 07

EURUSD Daily Forecast: December 07
Thursday, December 7th, 2017 @ 1:16 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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EURUSD Forecast    
The EURUSD continued its bearish momentum yesterday slipped below 1.1800 support area, bottomed at 1.1780. Although price is now still struggling around 1.1800 region, I think the bullish phase is no longer valid. The bias remains bearish in nearest term testing 1.1690 support area. Immediate resistance is seen around 1.1850. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.


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